Chunghwa Telecom Q2 Profit 7% Down

(RTTNews) - Chunghwa Telecom Co. Ltd. (CHT), a Taiwanese communications provider, Wednesday reported a decrease of 7 percent in its net income to NT$10.64 billion, or NT$1.37 per share for the second quarter. Income from operations declined 5.6 percent to NT$12.65 billion for the second quarter.

Total revenues, however, increased by 2.6 percent to NT$55.84 billion, from prior year. Mobile communications revenue increased by 8.6 percent to NT$26.87 billion, and Internet revenue increased 3.2 percent to NT$6.19 billion. Other revenue, however, dropped 52.5 percent primarily due to less construction revenue from the property development subsidiary, Light Era.

Total operating costs and expenses for the three-month period increased 8.7 percent to NT$43.18 billion, mainly due to rising cost of handsets sold, resulting from a strong mobile internet and handset sales.